Nifty Prediction TodayThe Nifty index ended the session at 24,330 up by 4 points, closed near the support level of 24,300. Upcoming major resistance now stands at 24700 zone and support at 24000 -24100 zone. Technically, this area remains significant and is likely to act as a support zone in the coming sessions, sustaining above the same will see fresh buying in the market. while on the upside, the index next major resistance zone stands at 24,700–25,000. Derivatives data reinforces this view, with the highest Call open interest concentrated at the 24,700–25,000 strikes, highlighting a strong resistance cap, whereas notable Put open interest at the 24,000–23,500 strikes confirms a support base. Overall, while the broader market undertone remains positive, traders are advised to stay cautious amid global trade uncertainties and potential tariff-related developments.Nifty Support and Resistance Level L1L2CloseResistance245002470024,335Support2400023800 Exponential Moving AveragesExponential Moving Averages 200 DEMA24,85521 DEMA24,299Bank Nifty Prediction TodayBank Nifty witnessed downward momentum, closing 113 points up at 56,095 The index continues to hold support in the 54,500–55,000 zone, while resistance remains capped near the 57,000 level. PSU and Pvt banks saw some buying interest, the broader structure of the banking space remains cautious, reflecting underlying volatile. The overall bias stays neutral with a range-bound outlook. Derivatives data shows the highest call open interest at the 57,500 strike and the highest put open interest at the 54,000 strike, indicating a potential trading range between these key level.Bank Nifty Support and Resistance Level L1L2CloseResistance570005950056,095Support5400053500 Exponential Moving AveragesExponential MovingAverages 200 DEMA56,58221 DEMA55,511Share Market News and Events TodayPositive NewsPace Digitek: Company secures Rs 702 crore order from Damodar Valley Corporation for 250 MW BESS project in Jharkhand; scope includes supply, EPC execution, commissioning and 12-year O&M. Marico: Company sees tailwind from GLP-1-led behaviour shift, bets on wellness portfolio to capture change Cochin Shipyard: Company subsidiary Udupi Cochin Shipyard bags a “notable” order from ocean sparkle (Adani group) for the construction of four asd tugs; the contract is valued between Rs 100 crore and Rs 250 crore. Thomas Cook India:Company and SOTC Travel sign long-term MOU with Vietnam’s Vinpearl to enhance travel experiences for Indian tourists Negative NewsMRF: Company says ongoing conflict in the middle east and resulting disruptions have led to uncontrolled increase in raw material costs and supply chain issues; severely impacted the cost of input materials which is expected to continue. (Negative)
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